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Type:

Lesson Plan, Other

Description:

Real Gross Domestic Product (GDP) during the first quarter (January through March) of 2002 increased at an annual rate of 5.8 percent. This is the advance estimate for the first quarter and will be revised in the preliminary and final estimates over the next 2 months. During 2001, real GDP changed at annual rates of +1.3 percent, +0.3 percent, -1.3 percent and +1.7 percent for each quarter respectively. This is the fastest rate of growth of GDP since the fourth quarter of 1999. The growth rate in real GDP for all of 2001 was 1.2 percent. That compares to a 4.1 percent annual growth rate in both 1999 and in 2000.

Subjects:

Social Studies > General

Education Levels:

Grade 9

Grade 10

Grade 11

Grade 12

Keywords:

9 to 12 | Lesson

Language:

English

Access Privileges:

Public - Available to anyone

License Deed:

Creative Commons Attribution Non-Commercial

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None

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Real Gross Domestic Product (GDP) during the first quarter (January through March) of 2002 increased at an annual rate of 5.8 percent. This is the advance estimate for the first quarter and will be revised in the preliminary and final estimates over the next 2 months. During 2001, real GDP changed at annual rates of +1.3 percent, +0.3 percent, -1.3 percent and +1.7 percent for each quarter respectively. This is the fastest rate of growth of GDP since the fourth quarter of 1999. The growth rate in real GDP for all of 2001 was 1.2 percent. That compares to a 4.1 percent annual growth rate in both 1999 and in 2000.